Document background
The Engagement Letter For Audit Services is a crucial document used in New Zealand to formally establish and define the professional relationship between an audit firm and its client. It serves as the foundational agreement that outlines the scope of audit services, mutual responsibilities, and terms of engagement in accordance with New Zealand audit regulations and professional standards. This document is required whenever a company engages external auditors, whether for statutory audits under the Companies Act 1993 or voluntary audits. The letter ensures clarity in service delivery, compliance with professional standards, and protection for both parties by clearly stating expectations, limitations, and deliverables. It must align with the requirements of the New Zealand Auditing and Assurance Standards Board and the Auditor Regulation Act 2011.
